If Currencies Around the World Are Based on the Gold

question 123

Multiple Choice

If currencies around the world are based on the gold standard,and Japan raises the amount of gold for which the yen will trade,then holding all else constant

• A)the yen will depreciate against the dollar.
• B)the yen will appreciate against the dollar.
• C)the value of the yen relative to the dollar will stay constant.
• D)the value of U.S.exports to Japan in terms of the yen will increase.

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Definitions:

Boundary-spanning

Involves activities or roles that connect an organization with its external environment, facilitating information flow and coordination between internal and external stakeholders.

Hierarchical Differentiation

The extent to which an organization or system is divided into levels of authority or ranks, creating a hierarchy.

Vertical Specialization

Pertains to the degree of stratification or hierarchy within an organization's structure, where tasks and responsibilities are distinctly defined at different levels.

Total Quality Management Controls

Strategies and tools used in Total Quality Management (TQM) to ensure that products or services meet specific quality standards and customer satisfaction.